What does this mean?

Loans in France are available from €100,000 and the minimum value of the property (or purchase price) should be €125,000.

Banks will lend over a maximum of 20 years and interest rates start from 2% p.a.

The maximum amount they would lend is 85% of the value or purchase price.

Lenders calculate affordability for the loan by stating that the maximum percentage of all loan repayments (including the new mortgage, current mortgage and other loans) should be 33% of your net income.

On top of the necessary 15%-20% deposit, you should also plan for needing approximately an extra 5% of the purchase price for fees and taxes

Important Note: This information is designed to only give you an indication of what you may borrow and under what terms. It does not constitute any form of advice, nor does it imply that you will be able to borrow the amounts required. In all cases you should carry out a full Fact Find and obtain an agreement in principle from the lender. Please choose to either request a quote for a mortgage or complete the more comprehensive pre-qualification form to see if you already qualify for a mortgage